<SEC-DOCUMENT>0001140361-25-046373.txt : 20251222
<SEC-HEADER>0001140361-25-046373.hdr.sgml : 20251222
<ACCEPTANCE-DATETIME>20251222160113
ACCESSION NUMBER:		0001140361-25-046373
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20251222
DATE AS OF CHANGE:		20251222

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORM plc
		CENTRAL INDEX KEY:			0001655891
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90287
		FILM NUMBER:		251592360

	BUSINESS ADDRESS:	
		STREET 1:		OFFICE 506
		STREET 2:		20 ST DUNSTAN'S HILL
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3R 8HL
		BUSINESS PHONE:		44 203 286 6222

	MAIL ADDRESS:	
		STREET 1:		OFFICE 506
		STREET 2:		20 ST DUNSTAN'S HILL
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3R 8HL

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TORM Ltd
		DATE OF NAME CHANGE:	20151125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Admiral Ltd
		DATE OF NAME CHANGE:	20151016

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hafnia Ltd
		CENTRAL INDEX KEY:			0001815779
		STANDARD INDUSTRIAL CLASSIFICATION:	TRANSPORTATION SERVICES [4700]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		MAPLETREE BUSINESS CITY #18-01
		STREET 2:		10 PASIR PANJANG ROAD, 117438
		CITY:			SINGAPORE
		PROVINCE COUNTRY:   	U0
		BUSINESS PHONE:		0065 64 34 37 70

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		MAPLETREE BUSINESS CITY #18-01
		STREET 2:		10 PASIR PANJANG ROAD, 117438
		CITY:			SINGAPORE
		PROVINCE COUNTRY:   	U0
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<submissionType>SCHEDULE 13D</submissionType>
<filerInfo>
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<filerCredentials>
<cik>0001815779</cik>
<ccc>XXXXXXXX</ccc>
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<liveTestFlag>LIVE</liveTestFlag>



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<coverPageHeader>
<securitiesClassTitle>Class A common shares, par value $0,01 per share</securitiesClassTitle>
<dateOfEvent>12/18/2025</dateOfEvent>
<previouslyFiledFlag>false</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0001655891</issuerCIK>
<issuerCUSIP>G89479102</issuerCUSIP>
<issuerName>TORM plc</issuerName>
<address>
<com:street1>Birchin Court, 20 Birchin Lane</com:street1>
<com:city>London</com:city>
<com:stateOrCountry>X0</com:stateOrCountry>
<com:zipCode>EC3V 9DU</com:zipCode>
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</issuerInfo>
<authorizedPersons>
<notificationInfo>
<personName>Mikael Opstun Skov &amp;</personName>
<personPhoneNum>65 6434 3770</personPhoneNum>
<personAddress>
<com:street1>Petrus Wouter Van Echtelt c/o Hafnia SG</com:street1>
<com:street2>Pte. Ltd. 10 Pasir Panjang Road, #18-01</com:street2>
<com:city>Singapore</com:city>
<com:stateOrCountry>U0</com:stateOrCountry>
<com:zipCode>117438</com:zipCode>
</personAddress>
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<notificationInfo>
<personName>Anthony J. Renzi, Jr.</personName>
<personPhoneNum>1 202 312 3336</personPhoneNum>
<personAddress>
<com:street1>Vedder Price P.C.</com:street1>
<com:street2>1401 New York Avenue NW, Suite 500</com:street2>
<com:city>Washington, D.C.</com:city>
<com:stateOrCountry>WA</com:stateOrCountry>
<com:zipCode>20005</com:zipCode>
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<reportingPersonCIK>0001815779</reportingPersonCIK>
<reportingPersonName>Hafnia Ltd</reportingPersonName>
<fundType>BK</fundType>
<fundType>WC</fundType>
<citizenshipOrOrganization>U0</citizenshipOrOrganization>
<soleVotingPower>14156061</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>14156061</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
<aggregateAmountOwned>14156061</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>13.97</percentOfClass>
<typeOfReportingPerson>CO</typeOfReportingPerson>
<commentContent>(1) The percent of class is calculated based on 101,332,707 shares of Class A common stock, par value $0.01 per share (the "Class A Shares"), outstanding as of November 21, 2025, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on November 21, 2025 (the "Form 6-K").</commentContent>
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<item1>
<securityTitle>Class A common shares, par value $0,01 per share</securityTitle>
<issuerName>TORM plc</issuerName>
<issuerPrincipalAddress>
<com:street1>Birchin Court, 20 Birchin Lane</com:street1>
<com:city>London</com:city>
<com:stateOrCountry>X0</com:stateOrCountry>
<com:zipCode>EC3V 9DU</com:zipCode>
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<item2>
<filingPersonName>Hafnia Limited ("Hafnia" or the "Reporting Person"). &#13;
&#13;
BW Group Limited ("BW Group") may be deemed to hold a controlling interest in Hafnia but disclaims any beneficial ownership of the Class A Shares beneficially owned by Hafnia and reported herein. &#13;
&#13;
Set forth in Exhibit 1 to this Schedule 13D are the name, business address and present principal occupation or employment and citizenship of each director and executive officer of each of Hafnia and BW Group, as well as the address, principal business and jurisdiction of organization of BW Group.</filingPersonName>
<principalBusinessAddress>Hafnia: 10 Pasir Panjang Road #18-01, Mapletree Business City, Singapore 117438</principalBusinessAddress>
<principalJob>Hafnia is one of the world's largest operators of chemical and product tankers and provides transportation of oil and oil products to leading international oil companies and national oil companies, major chemical companies, as well as trading and utility companies.</principalJob>
<hasBeenConvicted>Neither the Reporting Person nor, to the best of the knowledge of the Reporting Person, any of the other persons identified on Exhibit 1 with respect to whom information is given in response to this Item 2, during the last five years, have been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
<convictionDescription>Neither the Reporting Person nor, to the best of the knowledge of the Reporting Person, any of the other persons identified on Exhibit 1 with respect to whom information is given in response to this Item 2, during the last five years, have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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.</convictionDescription>
<citizenship>Singapore</citizenship>
</item2>
<item3>
<fundsSource>The response to Item 4 is incorporated by reference herein. &#13;
&#13;
The source of funds for the Class A Shares acquired in the Purchase (as defined in Item 4 below) was the working capital of the Reporting Person and funds drawn down from lines of credit entered into in the ordinary course of business prior to the execution of the SPA.</fundsSource>
</item3>
<item4>
<transactionPurpose>On September 11, 2025, Hafnia entered into a sale and purchase agreement dated September 11, 2025 (the "Sale and Purchase Agreement") by and between OCM Njord Holdings S.a r.l. ("OCM Njord" and together with Hafnia, the "Parties"). Pursuant to the Sale and Purchase Agreement, Hafnia has agreed to purchase 14,156,061 Class A Shares of the Issuer (the "Sale Shares") from OCM Njord, at a price of $22.00 per Sale Share, or $311,433,342 in aggregate cash proceeds (the "Purchase"). The closing of the Purchase occurred on December 22, 2025 (the "Closing"). &#13;
&#13;
The Purchase was subject to certain closing conditions, including (i) the appointment of a nominee, who is independent of the Parties, selected by OCM Njord in consultation with Hafnia, as both a member and the Chairman of the Issuer's board of directors, which shall include circumstances where such appointments are made conditional upon and/or are expressed to take effect from or immediately after Closing, (ii) that no new material transactions or arrangements concerning the Issuer that are not on arm's-length terms and with a value in excess of $1,000,000.00 or in the event of multiple transactions, an aggregate value in excess of $5,000,000.00, are approved or implemented between the date of the Sale and Purchase Agreement and Closing, (iii) receipt of regulatory approval in Brazil and foreign direct investment authorization in Denmark and (iv) the expiration or early termination of any applicable waiting periods and/or the receipt, approval or clearance by Hafnia under any applicable antitrust law and/or any applicable foreign direct investment law of any jurisdiction and/or pursuant to any other regulatory regime requiring review and approval required by any applicable governmental agency or authority in any jurisdiction. OCM Njord and the Seller Group (as defined In the Sale and Purchase Agreement) also agreed to use all reasonable endeavors, including exercising its voting rights and using any other powers vested in it from time to time in its capacity as a shareholder of the Issuer, to procure that no transaction or arrangement is approved or implemented between the date of the Sale and Purchase Agreement and Closing that would result in a material transfer of value (directly or indirectly) from the Issuer to its shareholders or among the Issuer's shareholders other than for the benefit of Hafnia (excluding dividends, distributions or other returns of value expressly covered by Clauses 2.4 and 2.5 of the Sale and Purchase Agreement). All closing conditions were satisfied or waived as of December 18, 2025.&#13;
&#13;
The foregoing description of the Sale and Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Sale and Purchase Agreement, a copy of which is attached hereto as Exhibit 2 and which is incorporated by reference herein. &#13;
&#13;
The Reporting Person has acquired and holds the Class A Shares for investment purposes. The Reporting Person believes consolidation is positive for the tanker industry generally and for the shareholders of both Hafnia and the Issuer. The Reporting Person is evaluating potential strategic opportunities involving its investment in the Issuer, including a range of potential options for a combination of the two businesses. As part of its ongoing evaluation of its investment in the Issuer, the Reporting Person anticipates approaching the Issuer's board of directors to discuss its investment in the Issuer and may as part of this process present informal or formal proposals. In this regard, the Reporting Person expects to continuously evaluate (i) the Issuer's business and prospects, including identifying and quantifying synergies  from a potential business combination transaction which the Reporting Person believes could be significant, (ii) the relative net asset value of the Reporting Person and the Issuer, (iii) the potential use of the Reporting Person's shares as consideration in a potential business combination transaction, and (iv) any other factors the Reporting Person, from time to time, considers relevant in determining whether, if at all, a business combination transaction will be proposed by the Reporting Person or its affiliates. As part of such evaluation, the Reporting Person, from time to time, also may hold discussions with or make proposals to other shareholders of the Issuer or third parties regarding strategic opportunities with respect to the Issuer. &#13;
&#13;
Additionally, at any time the Reporting Person may, subject to applicable law, acquire additional Class A Shares, or some or all of the Class A Shares it beneficially owns may be sold, in either case in the open market, in privately negotiated transactions or otherwise. &#13;
&#13;
Other than as described in this Schedule 13D, the Reporting Person does not have any current plans or proposals that would be related to or would result in any of the matters described in Items 4(a)-(j) of Schedule 13D; however, as part of its ongoing evaluation of this investment, including its consideration of potential structures for a business combination transaction, the Reporting Person may consider such matters in the future and, subject to applicable law, may formulate additional plans or proposals with respect to such matters.</transactionPurpose>
</item4>
<item5>
<percentageOfClassSecurities>The Reporting Person may be deemed to beneficially own 14,156,061 Class A Shares, representing approximately 13.97 % of the outstanding Class A Shares. The foregoing beneficial ownership percentage is based on a total of 101,332,707 Class A Shares outstanding as disclosed in the Form 6-K.</percentageOfClassSecurities>
<numberOfShares>The Reporting Person has sole voting power and sole dispositive power over 14,156,061 Class A Shares, representing approximately 13.97 % of the outstanding Class A Shares. The foregoing percentage is based on a total of 101,332,707 Class A Shares outstanding as disclosed in the Form 6-K.</numberOfShares>
<transactionDesc>Except as described in Item 3 of this Schedule 13D, to the best of the Reporting Person's knowledge, there have been no transactions in the Class A Shares effected by the Reporting Person or, to the best of the knowledge of the Reporting Person, without independent verification, any of the other persons with respect to whom information is given in response to Item 2, during the past 60 days.</transactionDesc>
<listOfShareholders>As of the date hereof, except in the case of any Ordinary Course Pre-Closing Distributions (as defined in the SPA), no other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the securities beneficially owned by the Reporting Person.</listOfShareholders>
<date5PercentOwnership>Not applicable.</date5PercentOwnership>
</item5>
<item6>
<contractDescription>The information in Item 4 of this Schedule 13D is incorporated in this Item 6 by reference. There are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 of this Statement or between such persons and any other person with respect to any securities of the Issuer.</contractDescription>
</item6>
<item7>
<filedExhibits>Exhibit 1. Directors, Officers and Controlling Persons of Hafnia Limited and of BW Group Limited&#13;
Exhibit 2. Sale and Purchase Agreement, dated as of September 11, 2025, by and between OCM Njord Holdings S.a r.l. and Hafnia Limited.</filedExhibits>
</item7>
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<signatureInfo>
<signaturePerson>
<signatureReportingPerson>Hafnia Ltd</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Petrus Wouter Van Echtelt</signature>
<title>Petrus Wouter Van Echtelt, Chief Financial Officer</title>
<date>12/22/2025</date>
</signatureDetails>
</signaturePerson>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>ef20061722_ex1.htm
<DESCRIPTION>EXHIBIT 1
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      <div style="text-align: right; font-weight: bold;">Exhibit 1</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">Directors and Officers of Hafnia Limited</div>
      <div style="text-align: center;"> <br>
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              <div style="font-weight: bold;">Name</div>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
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              <div style="text-align: center; font-weight: bold;">Business Address</div>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
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              <div style="text-align: center; font-weight: bold;">Principal Occupation</div>
              <div style="text-align: center; font-weight: bold;">or Employment</div>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
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              <div style="text-align: center; font-weight: bold;">Citizenship</div>
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            <td style="width: 100%; vertical-align: top;" colspan="7">
              <div style="font-weight: bold;"><u>Board of Directors</u></div>
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            <td style="width: 19.99%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 0.2pt;">Andreas Sohmen-Pao</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 37%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>Company Director and Chairman</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Austrian</div>
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              <div>Peter Graham Read</div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 37%; vertical-align: top;">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 22%; vertical-align: top;">
              <div>Company Director</div>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 18%; vertical-align: top;">
              <div>British</div>
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            <td style="width: 19.99%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Donald John Ridgway</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 37%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 22%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Company Director</div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>British</div>
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              <div>Anand Su Yin</div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 37%; vertical-align: top;">
              <div>&#160;c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 22%; vertical-align: top;">
              <div>Company Director</div>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 18%; vertical-align: top;">
              <div>Singaporean</div>
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              <div style="text-indent: 0.2pt;">Tan Chin Hwee, Emily</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 37%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 22%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Company Director</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Singaporean</div>
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            <td style="width: 19.99%; vertical-align: top;">&#160;</td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 37%; vertical-align: top;">&#160;</td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
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              <div style="font-weight: bold;"><u>Executive Officers</u></div>
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              <div>Mikael &#216;pstun Skov</div>
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            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 37%; vertical-align: top;">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 22%; vertical-align: top;">
              <div>Chief Executive Officer</div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 18%; vertical-align: top;">
              <div>Danish</div>
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              <div style="text-indent: 0.35pt;">Petrus Wouter Van Echtelt</div>
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            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 37%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 22%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Chief Financial Officer</div>
            </td>
            <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Netherlands</div>
            </td>
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      <div> <br>
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      <div style="text-align: center;">BW Group Limited</div>
      <div>The address of BW Group is 10 Pasir Panjang Road #18-01, Mapletree Business City, Singapore 117438. The principal business of BW Group relates to global maritime
        services. BW Group is organized in Bermuda</div>
      <div style="text-align: center;">Directors and Executive Officers of BW Group Limited</div>
      <div style="text-align: center;"> <br>
      </div>
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              <div style="font-weight: bold;">Name</div>
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              <div style="text-align: center; font-weight: bold;">Business Address</div>
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            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
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            <td style="width: 19.97%; vertical-align: top; background-color: rgb(204, 238, 255);">
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>Susan E. Barit</div>
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              <div>Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton, Pembroke, HM EX, Bermuda</div>
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            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
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            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
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              <div>Michael G. Smyth</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton, Pembroke, HM EX, Bermuda</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>Company Director and Alternate Director to Andreas Sohmen-Pao</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td style="width: 19.97%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 0.98%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 39.98%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 0.98%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 24.98%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 0.98%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 12.13%; vertical-align: top;" rowspan="1">&#160;</td>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 39.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 12.13%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td style="width: 19.97%; vertical-align: top;">
              <div>Sebastien Jean-Pierre Brochet</div>
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            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 39.98%; vertical-align: top;">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 24.98%; vertical-align: top;">
              <div>Group Chief Financial Officer</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 12.13%; vertical-align: top;">
              <div>French</div>
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          <tr>
            <td style="width: 19.97%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Daniel Ian O'Connor</div>
            </td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 39.98%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24.98%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Chief People Officer</div>
            </td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 12.13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>British</div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.97%; vertical-align: top;">
              <div>Yngvil Signe Eriksson Asheim</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 39.98%; vertical-align: top;">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 24.98%; vertical-align: top;">
              <div>Chief Executive Officer, BW LNG</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 12.13%; vertical-align: top;">
              <div>Norwegian</div>
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            <td style="width: 19.97%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Erik Str&#248;ms&#248;</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 39.98%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24.98%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Chief Executive Officer, BW ESS, and Managing Director, BW Renewables</div>
            </td>
            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 12.13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Norwegian</div>
            </td>
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            <td style="width: 19.97%; vertical-align: top;">
              <div>Billy Chiu</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 39.98%; vertical-align: top;">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 24.98%; vertical-align: top;">
              <div>Executive Vice President</div>
            </td>
            <td style="width: 0.98%; vertical-align: top;">&#160;</td>
            <td style="width: 12.13%; vertical-align: top;">
              <div>Singaporean</div>
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            <td style="width: 19.97%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Nicholas John Oxleigh Fell</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 39.98%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>c/o Mapletree Business City #18-01</div>
              <div>10 Pasir Panjang Road Singapore 117438</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24.98%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Executive Vice President, Corporate Services and General Counsel</div>
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            <td style="width: 0.98%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>British &amp; USA</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>ef20061722_ex2.htm
<DESCRIPTION>EXHIBIT 2
<TEXT>
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    <div>
      <div style="text-align: right; margin-left: 5.4pt; font-weight: bold;"><a name="z_Hlk164712692"></a>Exhibit 2</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-left: 5.4pt;">Dated 11 September 2025</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SALE AND PURCHASE AGREEMENT</div>
      <div><br>
      </div>
      <div style="text-align: center;">relating to the sale and purchase of 14,156,061 A shares of US$0.01 each in the capital of</div>
      <div style="text-align: center;">TORM plc</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">OCM NJORD HOLDINGS S.&#192; R.L.</div>
      <div><br>
      </div>
      <div style="text-align: center;">and</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">HAFNIA LIMITED</div>
      <div><br>
      </div>
      <div><img src="image00003.jpg"></div>
      <div style="text-align: justify; font-weight: bold;">Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP</div>
      <div style="text-align: justify;">20 Air Street London W1B 5AN, U.K.</div>
      <div><br>
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      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      <div style="text-align: center; font-weight: bold;">TABLE OF CONTENTS</div>
      <div><br>
      </div>
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            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-weight: bold;">Page</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Background</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
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            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>1.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Interpretation</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>2.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Sale and Purchase</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>3.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Conditions</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>4.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Closing</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>5.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Pre-Closing Conduct of Business</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">14</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>6.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Warranties</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">16</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>7.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Confidentiality</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">18</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>8.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Announcements</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">19</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>9.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Deductions and Withholding</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">20</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>10.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Further Assurance</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">20</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
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              <div>11.</div>
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            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Costs</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">20</div>
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          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>12.</div>
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            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Notices</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">21</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>13.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>General</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>14.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Entire Agreement</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>15.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Counterparts</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>16.</div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Governing Law and Jurisdiction</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">23</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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      <!--PROfilePageNumberReset%Num%1%%%-->
      <div style="text-align: justify;"><a name="z_Toc149661813"></a><font style="font-weight: bold;">THIS AGREEMENT</font> is made on 11 September 2025</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">BETWEEN</font><font style="font-size: 10pt;">:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0544ce37b5894fe9a0e53e6279887401">

          <tr>
            <td style="width: 36pt; vertical-align: top;">(1)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">OCM NJORD HOLDINGS S.&#192; R.L.</font><font style="font-size: 10pt;">, a private limited liability company (<font style="font-style: italic;">soci&#233;t&#233; &#224; responsabilit&#233;
                    limit&#233;e</font>) incorporated under the laws of the Grand Duchy of Luxembourg, with registered office at 26A Boulevard Royal, L-2449 Luxembourg, Grand-Duchy of Luxembourg and registered with the Luxembourg trade and companies register (<font style="font-style: italic;">Registre de commerce et des soci&#233;t&#233;s, Luxembourg</font>) under number B176516 (the &#8220;<font style="font-weight: bold;">Seller</font>&#8221;); and</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za865e1a3aa3a454d91eb621da782951b">

          <tr>
            <td style="width: 36pt; vertical-align: top;">(2)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">HAFNIA LIMITED</font><font style="font-size: 10pt;">, a company limited by shares registered under the laws of Singapore, with registration number 202440137E and
                  whose registered office is at 10 Pasir Panjang Road, #18-01, Mapletree Business City, Singapore 117438 (the &#8220;<font style="font-weight: bold;">Purchaser</font>&#8221;),</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">(each, a &#8220;<font style="font-weight: bold;">Party</font>&#8221; and together, the &#8220;<font style="font-weight: bold;">Parties</font>&#8221;).</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt; font-weight: bold;"><a name="z_Toc208479217"></a><a name="z_Toc53054667"></a><a name="z_Toc111210711"></a>BACKGROUND</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z80efcd64d9f54623b15865122870579f">

          <tr>
            <td style="width: 35.45pt; vertical-align: top;"><a name="z_Toc197005882"></a>(A)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Seller has agreed to sell, and the Purchaser has agreed to purchase and pay for, the Sale Shares (as defined in this Agreement), in each case on the terms and subject to the conditions of this Agreement.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5b77d84612724bf783f0ed245d904ec1">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc208479218"></a><font style="font-weight: bold;">1.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">INTERPRETATION</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zae05c451dead4477b572aa5f4b4d16f6">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref509356434"></a>1.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In this Agreement:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">A Shares</font>&#8221; means A shares of US$0.01 each in the capital of the Company;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Antitrust Law</font>&#8221; means any law that is designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolisation or
        restraint of trade or significant impediments or lessening of competition or the creation or strengthening of a dominant position through merger or acquisition;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Applicable Law</font>&#8221; means any applicable statutes, common law, rules, ordinances, regulations, codes, orders, judgments, injunctions, writs, decrees,
        directives, governmental guidelines or interpretations having the force of law or bylaws, in each case of a Relevant Authority;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Articles</font>&#8221; means the articles of association of the Company as adopted by special resolution on 15 March 2016 and amended by special resolution on 14 April
        2021;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Business Days</font>&#8221; means any day which is not a Saturday, a Sunday or a public holiday in New York (United States), Luxembourg (Luxembourg), Copenhagen
        (Denmark), Singapore (Singapore), Bermuda or London (United Kingdom);</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Call-In</font>&#8221; has the meaning given <a name="sdCurrentPosition"></a>in Clause 3.1.4;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Call-In Notice</font>&#8221; has the meaning given in Clause 3.1.4;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Cede</font>&#8221;<font style="font-weight: bold;">&#160;</font>means Cede &amp; Co.;</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">1</font></div>
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      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Chair Appointment Condition</font>&#8221; has the meaning given in Clause 3.1.1;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Claim</font>&#8221; means any claim, action or demand of any nature whatsoever made against the Seller or any other member of the Seller Group in respect of or in
        relation to any matter in this Agreement;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Closing Date</font>&#8221; means the Business Day which is five Business Days after (and excluding) the date on which all of the Conditions have been satisfied or waived
        in accordance with this Agreement (or such other date as may be agreed in writing between the Seller and the Purchaser);</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Closing Rights</font>&#8221; means all rights attaching to the Sale Shares at Closing, other than the right to receive and retain any Ordinary Course Pre-Closing
        Distribution;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Closing</font>&#8221; means the completion of the sale and purchase of the Sale Shares pursuant to Clause 4;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Company</font>&#8221; means TORM plc, a public limited company incorporated in England and Wales, whose registered number is 09818726 whose registered office is at 120
        Cannon Street, London, United Kingdom, EC4N 6AS;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Company Group</font>&#8221; means the Company and each of its subsidiaries and subsidiary undertakings from time to time;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Conditions</font>&#8221; means the Chair Appointment Condition, the Transaction Integrity Condition, and the Regulatory Conditions and &#8220;<font style="font-weight: bold;">Condition</font>&#8221;
        means any one of them;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Distribution</font>&#8221; means any dividend, distribution and/or any other return of capital or value (including by way of share repurchases, share redemptions, bonus
        share issuances and/or capital decreases);</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Dividend Policy&#8221; </font>means the Company&#8217;s current dividend policy as communicated to the market as per the date of this Agreement which states that the Company
        intends to distribute on a quarterly basis excess liquidity above a threshold liquidity level that will be determined as the sum of: (i) the product of liquidity requirement per vessel and the number of owned and leased vessels in the Company&#8217;s
        fleet as at the balance sheet day; and (ii) a discretionary element determined by the Company&#8217;s board of directors taking into consideration the Company&#8217;s capital structure, strategic opportunities, future obligations and market trends;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">DTC</font>&#8221; means The Depository Trust Company;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Encumbrance</font>&#8221; means any mortgage, charge, pledge, lien, option, restriction, debenture, hypothecation, equitable right, power of sale, retention of title,
        right of first refusal, right of pre-emption, third-party right or interest, or other encumbrance or security interest having similar effect, or an agreement, arrangement or obligation to create any of the above (but in each case, excluding any
        legal or technical arrangement that is required to facilitate the listing, trading and settlement of the Sale Shares on Nasdaq Copenhagen and/or Nasdaq New York, including any interest held by Cede, DTC or any similar nominee or depository entity);</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Foreign Direct Investment Law</font>&#8221; means any law designed to prohibit, restrict, regulate, or screen: (i) foreign direct investments into any jurisdiction; or
        (ii) investments on national security grounds in any jurisdiction (including CFIUS and national legislation issued in accordance with the EU framework for foreign direct investment screening);</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Initial Regulatory Condition(s)</font>&#8221; has the meaning given in Clause 3.1.3;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">LCIA</font>&#8221; has the meaning given in Clause 16.2.1;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Long Stop Date</font>&#8221; means 11 February 2026 (or such other date as the Seller and the Purchaser may agree in writing from time to time), provided that the Long
        Stop Date shall automatically be postponed for one month in the event that either the Purchaser or the Seller receives a Call-In Notice or a Subsequent Regulatory Condition is otherwise identified pursuant to Clauses 3.1.5(a) or 3.1.5(b) between 11
        December 2025 and 11 February 2026;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Market Abuse Regulation</font>&#8221; means Regulation (EU) 596/2014 and related directives as they form part of the laws of the European Union and of Denmark and/or
        Norway, as applied and interpreted in the manner revised by the EU Listing Act (following entry into force of its provisions) and applicable delegated regulations and directives of the European Union, or any other applicable law in Denmark and/or
        Norway prohibiting &#8220;market abuse&#8221; or &#8220;insider dealing&#8221; (or their equivalent) in the securities or other financial instruments of the Company;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Material Adverse Effect</font>&#8221; means Regulatory Remedy Action(s), which if accommodated and implemented would, individually or in the aggregate, result in the
        Purchaser Group having to forego, divest or otherwise transfer to a third party assets or rights representing a value of more than US$100,000,000 (measured on a fair market value basis);</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Nominee</font>&#8221; means the individual selected by the Seller, in consultation with the Purchaser, in accordance with Clause 3.5 (or any alternative individual so
        proposed at a later stage, provided the Purchaser has first been consulted regarding, and reasonably in advance of, such change), provided that such individual: (i) is reasonably considered to be independent from the Seller and the Purchaser
        pursuant to the corporate governance standard applicable to the Company; and (ii) is not prohibited from serving as a director and/or chair of the Company under Applicable Law;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Non-Ordinary Course Pre-Closing Distribution</font>&#8221; has the meaning given in Clause 2.5.1;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<a name="z_Hlk207886675"></a><font style="font-weight: bold;">Ordinary Course</font>&#160;<font style="font-weight: bold;">Pre-Closing Distribution</font>&#8221; means any Distribution that, in the ordinary
        course and in accordance with both the Dividend Policy and past practice and the principles applied by the Company since 1 September 2023, is announced, declared, made, paid or becomes payable in respect of the Sale Shares prior to Closing;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Purchaser Group</font>&#8221; means the Purchaser, its subsidiaries and subsidiary undertakings from time to time, any holding company of the Purchaser and all other
        subsidiaries or subsidiary undertakings of any such holding company;</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Regulation S</font>&#8221; has the meaning given to it in Clause 6.4.1;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Regulatory Condition</font>&#8221; has the meaning given in Clause 3.1.4;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Regulatory Filings</font>&#8221; has the meaning given in Clause 3.8;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Regulatory Remedy Actions</font>&#8221; has the meaning given in Clause 3.11;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Regulatory Screening</font>&#8221; means the Purchaser&#8217;s good faith assessment of whether the Transaction will be subject to mandatory filing requirements from one or
        more Relevant Authorities pursuant to applicable Antitrust Law, Foreign Direct Investment Law or any other relevant regulatory regime under the purview of a Relevant Authority;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Regulatory Screening Date</font>&#8221; has the meaning given in Clause 3.10;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Relevant Authority</font>&#8221; means any central bank, ministry, governmental, quasi-governmental, supranational, statutory, court, regulatory, stock exchange,
        administrative or investigative body, agency or authority, including those exercising powers in relation to anti-trust, competition or merger control, regulatory (including financial regulatory), taxing, importing or foreign investment matters, or
        any other authority, trade agency, association, institution or professional or environmental body, in any relevant jurisdiction;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Sale Shares</font>&#8221; means 14,156,061 A shares of US$0.01 each in the capital of the Company corresponding to approximately 14.45% of TORM&#8217;s issued share capital,
        as adjusted for any share splits and/or consolidations of shares in the Company prior to Closing;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Securities Act</font>&#8221; has the meaning given to it in Clause 6.4.1;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Seller Group</font>&#8221; means the Seller, OCM Luxembourg OPPS VIIIb S.&#224; r.l., Oaktree Opportunities Fund VIIIb (Parallel), L.P., Oaktree Opportunities Fund VIIIb,
        L.P. and each of their respective subsidiaries and subsidiary undertakings from time to time (but excluding the Company and any portfolio companies of funds managed or advised by Oaktree Capital Management, L.P.);</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Seller&#8217;s Bank Account</font>&#8221; means such account as the Seller may notify to the Purchaser in accordance with Clause 12, at least five Business Days before the
        Closing Date;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Surviving Clauses</font>&#8221; means Clauses 7, 8, 9, 11, 12, 13, 14, 15 and 16;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Subsequent Regulatory Condition(s)</font>&#8221; has the meaning given in Clause 3.1.4;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Tax</font>&#8221;<font style="font-weight: bold;">&#160;</font>or<font style="font-weight: bold;">&#160;</font>&#8220;<font style="font-weight: bold;">Taxes</font>&#8221; means any tax, levy,
        tariff, impost, duty, and any charge, contribution, withholding or assessment in the nature of tax, including income, corporation, gross receipts, value added, sales, use, excise, stamp, registration, documentary, transfer, franchise, payroll,
        employment, social security, national insurance, net wealth, capital gains, property and customs taxes, and any interest, penalties, surcharges or additions relating thereto, in each case imposed by any Tax Authority;</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Tax Authority</font>&#8221; means any Relevant Authority competent to assess or impose any liability in respect of Tax or responsible for the administration or
        collection of Tax or enforcement of any laws in relation to Tax;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Transaction</font>&#8221; means the transactions contemplated by this Agreement and any other Transaction Document, including the sale by the Seller, and the purchase by
        the Purchaser, of the Sale Shares pursuant to this Agreement;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Transaction Documents</font>&#8221; means this Agreement and any other document entered into or to be entered into pursuant to this Agreement;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Transaction Integrity Condition</font>&#8221; means the Condition set out in Clause 3.1.2;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">VAT</font>&#8221; means: (i) any Tax imposed pursuant to the Value Added Tax Act 1994; (ii) any Tax imposed in compliance with European Council Directive 2006/112/EC of
        28 November 2006 on the common system of value added tax and any national legislation in a member state of the European Union implementing that Directive; and (iii) any other Tax, whenever and wherever imposed, of a similar nature to the foregoing
        levied by reference to added value, sales, consumption, goods and services or turnover, whether imposed in the United Kingdom or in a member state of the European Union in substitution for, or levied in addition to, such Tax referred to in
        paragraph (i) or (ii) above, or imposed elsewhere; and</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Warranties</font>&#8221; means the warranties set out in Clauses 6.1 to 6.5 (inclusive) and &#8220;<font style="font-weight: bold;">Warranty</font>&#8221; means any of them.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za7f59acf9c694928a0cd5e9021cb8fda">

          <tr>
            <td style="width: 36pt; vertical-align: top;">1.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">General interpretation rules</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z800f2e4706eb41278d60182b67222ad7">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Unless the context otherwise requires, references to one gender include all other genders and no gender, and references to the singular include the plural and vice versa.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z067c2dab87dd454da0edcd3560a08c9d">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to a &#8220;<font style="font-weight: bold;">person</font>&#8221; include any individual, company, partnership, joint venture, firm, association, trust, governmental or regulatory authority, unincorporated association or other body or
                entity (whether or not having separate legal personality).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za3fc222eb7aa4ca895b5df0a30f24846">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to a &#8220;<font style="font-weight: bold;">body corporate</font>&#8221;, &#8220;<font style="font-weight: bold;">holding company</font>&#8221;, &#8220;<font style="font-weight: bold;">parent undertaking</font>&#8221;, &#8220;<font style="font-weight: bold;">subsidiary</font>&#8221;
                and &#8220;<font style="font-weight: bold;">subsidiary undertaking</font>&#8221; shall have the meanings given in the Companies Act 2006 and references to a &#8220;<font style="font-weight: bold;">company</font>&#8221; include any company, corporation or other
                body corporate, wherever and however incorporated or established.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9f8f0333c9e249e6841a872c55ac97cb">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to &#8220;<font style="font-weight: bold;">this Agreement</font>&#8221; shall include any recitals and schedules to it and references to &#8220;<font style="font-weight: bold;">Clauses</font>&#8221; are to clauses of this Agreement. The table of
                contents and headings are inserted for convenience only and do not affect the construction and interpretation of this Agreement.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9ab2453abce94c12bb01c17402b1ef8a">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_docxtools_275"></a>1.2.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to &#8220;<font style="font-weight: bold;">US$</font>&#8221; are to the United States dollar.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc618975691c74bd893f0addc19644148">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.6</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Unless expressly stated otherwise, references to any document (including this Agreement), or to a provision in a document, shall be construed as a reference to such document or provision as amended, supplemented, modified, restated or
                novated from time to time.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z00601f2c599a464981980665dd8340e8">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.7</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to books, records or other information mean books, records or other information in any form including paper, electronically stored data, magnetic media, film and microfilm.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6ec90174360b43489a801c0c9e2f802c">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref_ContractCompanion_9kb9Ur06C"></a>1.2.8</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to &#8220;<font style="font-weight: bold;">to the extent that</font>&#8221; (and similar expressions) shall indicate a matter of degree and not be solely synonymous with &#8220;if&#8221;. The words &#8220;<font style="font-weight: bold;">including</font>&#8221;,
                &#8220;<font style="font-weight: bold;">include</font>&#8221;, &#8220;<font style="font-weight: bold;">in particular</font>&#8221; and words of similar effect shall not be deemed to limit the general effect of the words that precede them.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z32aa9e90fbd94b3f8ca756511d6eec71">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.9</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Words introduced by the word &#8220;<font style="font-weight: bold;">other</font>&#8221; shall not be given a restrictive meaning because they are preceded by words referring to a particular class of acts, matters or things.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z889f50c14f4445a7b46e0e089634630c">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.10</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to any English legal term shall, in respect of any jurisdiction other than England and Wales, be construed as references to the term or concept which most nearly corresponds to it in that jurisdiction.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z394e29d594024c5787f4d3d9dfe1eaec">

          <tr>
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt; vertical-align: top;">1.2.11</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>References to any statute or statutory provision include:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z382dfc2b2aa74104ab51fdc7e9bb7cb2">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>that statute or provision as from time to time modified or re-enacted whether before or (unless expressly stated otherwise) after the date of this Agreement;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z077a3da4afef43ce827e2f08b2e77ee0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any past statute or statutory provision (as from time to time modified or re-enacted) which such statute or statutory provision has directly or indirectly replaced; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z958edb0eb9944c278fbadf61a125ce11">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(c)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any subordinate legislation made from time to time under that statute or statutory provision,</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 72pt;">except to the extent of which any statute, statutory provision or subordinate legislation made or enacted after the date of this Agreement would create or increase the liability of any Party under
        this Agreement.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaa44f0662276403d8c0cd810e4163cc3">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">1.2.12</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Unless expressly stated otherwise, references to times of the day are to London, United Kingdom time.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze815b424e4d542b2a16db4271702e4e3">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc53054668"></a><a name="z_Toc111210712"></a><a name="z_Toc208479219"></a><font style="font-weight: bold;">2.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">SALE AND PURCHASE</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaa6d77aeee384523b8bb3a49fe744fdc">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref509356480"></a>2.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Subject to the terms of this Agreement, the Seller shall sell with full title guarantee, free from all Encumbrances and together with the Closing Rights, the Sale Shares to the Purchaser, and the Purchaser shall purchase such Sale
                Shares, with effect from Closing. In the event any share splits and/or share consolidations are implemented in the Company prior to the Closing, the number of Sale Shares shall be adjusted accordingly.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7d8d8e42c00542b3a2e8dc1b3938d075">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref509356481"></a>2.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Seller waives, subject to Closing, any rights of pre-emption or any other restrictions on transfer conferred upon it with respect to the Sale Shares, whether under the Articles or otherwise.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><a name="z_Ref509356484"></a><a name="z_Ref165549590"></a><a name="z_Ref208160443"></a><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc8638eb812a548628058016a6c032fe2">

          <tr>
            <td style="width: 36pt; vertical-align: top;">2.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The total consideration for the sale of the Sale Shares shall be the payment by the Purchaser of an amount equal to US$311,433,342.00 in cash, corresponding to a consideration of US$22.00 per Sale Share (the &#8220;<font style="font-weight: bold;">Purchase Price</font>&#8221;) in accordance with Clause 4. In the event any share splits and/or share consolidations are implemented in the Company prior to the Closing, the price per Sale Share shall be adjusted accordingly. The
                Purchase Price shall not, other than as specifically provided in this Clause 2.3 and Clauses 2.5 and 9 of this Agreement, be subject to any adjustments, whether upwards or downwards.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2edcdc212bc847d1a9e113fe38d13af6">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207630034"></a><a name="z_Ref207909825"></a>2.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If any Ordinary Course Pre-Closing Distribution is received by the Purchaser on or following Closing, the Purchaser shall not be entitled to retain such Ordinary Course Pre-Closing Distribution and shall instead ensure that the full
                amount of such Ordinary Course Pre-Closing Distribution is paid in full in cash in same day immediately available funds to the Seller&#8217;s Bank Account as soon as practicable (and in any event, within two Business Days of receipt of the
                relevant Ordinary Course Pre-Closing Distribution). For the avoidance of doubt, the payment by the Purchaser of any Ordinary Course Pre-Closing Distribution in accordance with this Clause 2.4 shall not give rise to any adjustment or
                deduction to the Purchase Price, or entitle the Purchaser to any refund of any portion of the same.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5113173584b142698f37e03e1b69138b">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207909829"></a>2.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In the event that:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd40a72358b654a1689fabbc64cef16ff">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207975572"></a>2.5.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any Distribution which is not an Ordinary Course Pre-Closing Distribution (a &#8220;<font style="font-weight: bold;">Non-Ordinary Course Pre-Closing Distribution</font>&#8221;), is announced, declared, made, paid or becomes payable in respect of the
                Sale Shares prior to Closing; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z20d4de7975c542c58e6c702ad09f16df">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">2.5.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Sale Shares are transferred to the Purchaser ex-dividend (meaning without the right to receive the relevant Non-Ordinary Course Pre-Closing Distribution),</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">the Purchase Price shall be decreased correspondingly on a per Sale Share US$-for-US$ basis (or, in the case of any Non-Ordinary Course Pre-Closing Distribution that is not made or paid in cash,
        decreased by a corresponding amount on a per Sale Share basis equal to the fair market value of such Non-Ordinary Course Pre-Closing Distribution on a per A Share basis at the time the relevant Distribution is made or paid).</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zee881193379343bf9a1776335d88d493">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207636933"></a><a name="z_Toc208479220"></a><a name="z_Toc111210715"></a><a name="z_Ref207622583"></a><font style="font-weight: bold;">3.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">CONDITIONS</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze52a189c3708406086e3613ccc7d55f8">

          <tr>
            <td style="width: 36pt; vertical-align: top;">3.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Closing and the sale and purchase of the Sale Shares pursuant to this Agreement is in all respects conditional upon the satisfaction or waiver (as applicable) of the following Conditions on or before the Long Stop Date:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z550aa6c340bf4c1db8314089b6329fc9">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207657829"></a>3.1.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the appointment of the Nominee as both a director of the Company and chair of the Company&#8217;s board of directors, which shall include circumstances where such appointments are made conditional upon and/or are expressed to take effect from
                or immediately after Closing (the &#8220;<font style="font-weight: bold;">Chair Appointment Condition</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc5004645a92744e3a497bb75e9f3b2c9">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.1.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>that no new material transactions or arrangements concerning the Company that are not on arm&#8217;s-length terms and with a value in excess of US$1,000,000.00 or in the event of multiple transactions, an aggregate value in excess of
                US$5,000,000.00 (including share issuances below market price, except for ordinary course grants or issuance of securities pursuant to existing share, option or similar incentive programs or schemes, are approved or implemented between the
                date of this Agreement and Closing (the &#8220;<font style="font-weight: bold;">Transaction Integrity Condition</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8a9506006a7948019c2a9ec5c4260a62">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207997690"></a><a name="z_Ref207889440"></a><a name="z_Ref207657558"></a>3.1.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the receipt of the following authorisations, consents, regulatory approvals or rulings:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze5cf9ee61c124ae7919c17927beaddd1">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>authorisation for a foreign direct investment and to complete the Transaction pursuant to the Danish Investment Screening Act (Consolidated Act No. 1256 of 27 October 2023), as amended; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z974629f600f241f7b814682b58685751">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>approval of the Transaction by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econ&#244;mica &#8211; CADE) in Brazil, pursuant to Law No. 12,529/2011 and related regulations,</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 70.9pt;">(each, an &#8220;<font style="font-weight: bold;">Initial Regulatory Condition</font>&#8221;).</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4f49a0447ed64467b193c875ecbcac1c">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207997659"></a>3.1.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any applicable waiting period (and any extension thereof) shall have expired or been earlier terminated and/or any applicable approvals or clearances shall have been obtained by the Purchaser, as relevant, under the Antitrust Law and/or
                Foreign Direct Investment Law of any jurisdiction and/or pursuant to any other regulatory regime requiring review and approval required by a Relevant Authority in any jurisdiction for the completion of the Transaction (provided, in each
                case, the relevant waiting period, approval and/or clearance is of a mandatory and suspensory nature), including for the avoidance of doubt any situation where a Relevant Authority has called in the Transaction for review and required the
                Transaction to be approved despite a mandatory filing not having been identified during the Regulatory Screening (a &#8220;<font style="font-weight: bold;">Call-In</font>&#8221; and a notice for a Call-In received from a Relevant Authority, a &#8220;<font style="font-weight: bold;">Call-In Notice</font>&#8221;), provided in each case that the Purchaser no later than upon the Regulatory Screening Date in good faith determines (with the consent of the Seller, acting reasonably) (a) that such
                approvals or clearances of the Transaction contemplated by this Agreement in the relevant jurisdictions are material to the Purchaser, acting reasonably, and should therefore be obtained prior to Closing; and (b) in respect of the relevant
                jurisdictions where a Call-In, in the reasonable opinion of the Purchaser, is possible, taking into account the activities of the Purchaser Group and Company Group, and accordingly such jurisdiction shall be subject to proactive steps as
                contemplated by Clause 3.15 (the &#8220;<font style="font-weight: bold;">Subsequent Regulatory Condition(s)</font>&#8221;, and together with the Initial Regulatory Conditions, the &#8220;<font style="font-weight: bold;">Regulatory Conditions</font>&#8221;).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9b0183da56e447db8f42418878575cb9">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.1.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>After the passing of the Regulatory Screening Date, the Purchaser shall only be entitled to add additional approvals or clearances to the Subsequent Regulatory Conditions if either:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4033d9bb051b4328a0b93cef9f12ad3d">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any information provided by the Seller Group or the Company Group to the Purchaser in fulfilment of requests made by the Purchaser for the purpose of the Purchaser&#8217;s determination of the approvals or clearances comprised by the
                Subsequent Regulatory Conditions is materially incorrect or materially incomplete, and the Purchaser upon the receipt of the correct or complete information from the Seller Group or the Company Group in good faith determines (with the
                consent of the Seller, acting reasonably) that any such additional approvals or clearances are material to the Purchaser, acting reasonably, and should therefore be obtained prior to Closing; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc6e48746856f4817bdc30463881459df">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref208394645"></a>(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any Antitrust Law and/or Foreign Direct Investment Law and/or any other regulatory regime of any jurisdiction is changed after the date of this Agreement to require any additional approval or clearance of the Transaction which the
                Purchaser could not have reasonably known before the Regulatory Screening Date and which in the good faith determination of the Purchaser (having taken into account the Seller&#8217;s comments) are material to the Purchaser, acting reasonably,
                and should therefore be obtained prior to Closing.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5f093298c74f4d8790a1fc9a4742dced">

          <tr>
            <td style="width: 36pt; vertical-align: top;">3.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Each of the Chair Appointment Condition and the Transaction Integrity Condition may only be waived by the Purchaser in its sole discretion. The Regulatory Conditions may only be waived with the agreement in writing of the Seller and the
                Purchaser.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd2214508bdb848e79b77b91273a8987e">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207980810"></a>3.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Neither Party shall, and shall procure that neither the Purchaser Group (in the case of the Purchaser) nor the Seller Group (in the case of the Seller) shall, take any action that would be reasonably likely, individually or in the
                aggregate, to prevent, impair, prejudice or materially delay the satisfaction of the Conditions, the consummation of the Transaction or would otherwise be inconsistent with the terms of this Agreement (which shall include entering into any
                transaction or commercial arrangement, or agreeing to effect any transaction or commercial arrangement (including any acquisition) which would be reasonably likely to prejudice the Regulatory Conditions from being satisfied on or before the
                Long Stop Date).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za02d664108554e0c93c51f440f2cfb12">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207641922"></a>3.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If any Condition is not satisfied or waived on or before the Long Stop Date, this Agreement shall (unless otherwise agreed in writing between the Parties) automatically terminate and cease to have effect, save that the Surviving Clauses
                and any rights and liabilities that have accrued before such termination (including any claim for breach of any obligation contained in this Clause 3) shall continue in full force and effect.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; font-style: italic;">Chair Appointment Condition</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z24323e4e84934d4c8eaa1dbcd71f6101">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207702685"></a>3.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Unless the Chair Appointment Condition is waived by the Purchaser, the Seller shall:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0bbd2a08fac14826bffad30b4401171c">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.5.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>reasonably promptly following the date of this Agreement, select a Nominee to be appointed as a director of the Company and chair of the Company&#8217;s board of directors;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf0ed1a3845b541db9564070a925d1bcd">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.5.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>reasonably prior to the selection and nomination of a Nominee, consult with the Purchaser regarding the selection of the proposed Nominee;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6d9fad963e524ee9a602a9c1155c8082">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.5.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>obtain written confirmation from the Nominee stating that they are willing to be appointed to the Company&#8217;s board of directors; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za8a6de3378994c22ab67937476547aab">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.5.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>following consultation with the Purchaser, use all reasonable endeavours to satisfy or procure the satisfaction of the Chair Appointment Condition (including, if necessary, requisitioning a shareholder meeting of the Company to consider
                the appointment and/or resignation of directors of the Company in accordance with the Articles) as soon as reasonably practicable following the selection of the Nominee and in any event on or before the Long Stop Date.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z311d4ea1dcb9400f8a3b4ede4400b8e3">

          <tr>
            <td style="width: 36pt; vertical-align: top;">3.6</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Each Party shall, as soon as reasonably practicable following a request from the other, the Company and/or their respective advisers, and in any event sufficiently in advance of any applicable deadline, provide all information, materials
                and assistance relating to the Nominee, the Purchaser Group and/or the Seller Group that is required by Applicable Law or the Articles to be provided and/or disclosed, or that the Seller or the Purchaser otherwise reasonably considers
                desirable to provide and/or disclose, in connection with the satisfaction of the Chair Appointment Condition.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">The</font><font style="font-size: 10pt;">&#160;<font style="font-style: italic;">Regulatory Conditions</font></font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfc7f003131d542048fdc03738c7bafe7">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207635283"></a>3.7</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Parties shall cooperate in a timely manner in the preparation of any documents and information required for finalising the Regulatory Screening and satisfying the Regulatory Conditions.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z265b33bf56eb4f048f2fdb47c184fec9">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207997812"></a>3.8</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The preparation of relevant applications and submissions of information and all other communications with any Relevant Authority in relation to the Regulatory Conditions (the &#8220;<font style="font-weight: bold;">Regulatory Filings</font>&#8221;)
                shall be led by the Purchaser and its legal counsel, in consultation with the Seller and its legal counsel (save that the Seller shall make any applications and submissions that it is required to make under Applicable Law).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z288c7e455bd24e0cb6b0cb9ab07594ed">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207994403"></a>3.9</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Purchaser shall be in control of the final content of any substantive oral or written communications with any applicable Relevant Authority and lead all proceedings and coordinate all activities with respect to seeking any actions,
                consents, approvals, or waivers in connection with any required application, provided always that the Purchaser shall:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z419c10056a894ab4b583d91987597a62">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.9.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>promptly notify and provide the Seller or its legal advisors with drafts of all written communications intended to be sent and a summary of all material oral communications intended to be made to any Relevant Authority, in each case
                sufficiently in advance of the Regulatory Filings or any applicable time limits;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaca09bd6b1d944339c303713119d298d">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.9.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>without prejudice to the generality of Clause 3.9, the Purchaser shall in good faith take into account any comments or suggestions made by the Seller or its legal advisers with respect to such written or oral communications with any
                Relevant Authority; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf8ade2c5bb0b4bd19143c19b78146105">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.9.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Purchaser shall give the Seller and its legal advisors reasonable notice of all meetings, calls and interactions with the any Relevant Authority and provide the Seller and its legal advisors an opportunity to attend the same, unless
                prohibited by applicable law or otherwise directed by a Relevant Authority.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcb70577b98cd4431bb150cf0d35c039d">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207874261"></a>3.10</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Purchaser shall, and shall procure that each member of the Purchaser Group shall:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zedb5318b67bb43f899a2788452e36631">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.10.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>use all reasonable endeavours to procure that the Regulatory Screening is finalised as soon as reasonably practicable and in any case within 10 Business Days of the date of this Agreement (the &#8220;<font style="font-weight: bold;">Regulatory
                  Screening Date</font>&#8221;);</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2d9cd1fdd7c747f295fe68ac09a5cd32">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.10.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>subject to Clause 3.11, use all reasonable endeavours to procure that the Regulatory Conditions are satisfied <a name="z_Hlk207632849"></a>as soon as reasonably practicable and in any event on or before the Long Stop Date including at
                its sole cost, if required to do so to procure the satisfaction of the Regulatory Conditions, taking reasonable steps to avoid: (i) any declaration of incompleteness by any Relevant Authority, and (ii) any suspension of any review period by
                a Relevant Authority;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z121b1b40f3614fcb97ddb5c22b6fa4d7">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207874590"></a>3.10.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>subject to Clause 3.11, use all reasonable endeavours to take all actions required to satisfy the Regulatory Conditions; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd8f18a9861bd4b3e99bb9005ff3c7e77">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.10.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>keep the Seller promptly informed as to progress towards the satisfaction of the Regulatory Conditions and notify the Seller in writing as soon as reasonably practicable after it becomes aware that any applicable waiting period has
                expired or been earlier terminated or any approval or clearance granted or satisfied by any Relevant Authority with respect to the Regulatory Conditions (together with reasonable evidence).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4b42e29062384fcaab625990b9d6a370">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207889606"></a><a name="z_Ref207637037"></a>3.11</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In the event that any Relevant Authority decides that the Transaction cannot be approved or cleared, and consequently that the Regulatory Conditions cannot be satisfied, without divestments, disposals, conditions, remedies, obligations,
                terms, undertakings, commitments, measures or modifications (&#8220;<font style="font-weight: bold;">Regulatory Remedy Actions</font>&#8221;), the Purchaser shall accept each such Regulatory Remedy Action, save where such Regulatory Remedy Action would
                have a Material Adverse Effect on the Purchaser Group and provided that the offering or acceptance of such Regulatory Remedy Actions is within the Purchaser&#8217;s control. Further, the Purchaser shall in no event be obliged to take or
                effectuate any Regulatory Remedy Actions that are required to be implemented prior to Closing or are otherwise not conditional upon Closing occurring.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc753298a5eb4480f9d63358deb0ed0db">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207878263"></a>3.12</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Notwithstanding anything to the contrary herein, nothing in this Agreement shall require the Purchaser to take any Regulatory Remedy Action with respect to any assets, businesses or interests other than those of the Purchaser or the
                Purchaser Group. For the avoidance of doubt, nothing in this Agreement shall require the Purchaser to, and the Purchaser will not, accept any Regulatory Remedy Action that would involve or otherwise require any Regulatory Remedy Action of
                the Company or the Company&#8217;s consolidated subsidiaries or any direct or indirect shareholder of the Purchaser or any of such direct or indirect shareholders&#8217; affiliates, excluding the Purchaser and the Purchaser Group.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z237047c3415a4ebb98a3f49089cae120">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref208165685"></a>3.13</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Without prejudice to the generality of the Seller&#8217;s obligations under Clause 3.7, The Seller shall, and shall use all reasonable endeavours to procure that each member of the Seller Group as well as the Company shall:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9fac80575e4a41488f639ffd2ebaed34">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.13.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>assist the Purchaser with any applicable filings and submissions needed to satisfy the Regulatory Conditions as reasonably requested by the Purchaser;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zeb68cd22e1d7434ca2ef05fcdca33585">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.13.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>as soon as reasonably practicable following a request from the Purchaser and/or its advisers, and in any event sufficiently in advance of any applicable deadline, (i) itself provide and (ii) use all reasonable endeavours to procure that
                the Company provides all information and materials reasonably required for the Regulatory Screening and the making or submission of any filings, notifications, communications or materials to a Relevant Authority in relation to the
                Regulatory Conditions; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z23e3f59605e4426b84f6d91b1cbf8b5e">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.13.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>in relation to any information which in the opinion of the Seller (acting reasonably) would be of importance to the Regulatory Screening and/or the making or submission of any filings, notifications, communications or materials to a
                Relevant Authority in relation to the Regulatory Conditions promptly after the Seller or any member of the Seller Group becoming aware of the existence of such relevant information promptly notify the Purchaser hereof, and provide the
                Purchaser with, such information.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze97ffc200d5941e9b906bb82c596b87f">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207637606"></a>3.14</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Without prejudice to the generality of the Purchaser&#8217;s obligations under Clause 3.7, the Purchaser shall, and shall procure that each member of the Purchaser Group shall:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zca76c0744b2c47568b590054c9f51f1e">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.14.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>subject to finalisation of the Regulatory Screening, file and submit, or procure the filing and submission of the Regulatory Filings in connection with the Regulatory Conditions to each Relevant Authority (and shall pay all fees and
                expenses associated with the same incurred by the Seller and any member of the Seller Group) as soon as reasonably practicable and in any event within 20 Business Days of this Agreement, except for any Call-In jurisdictions, provided in
                each case that the Purchaser receives any required and relevant information from the Seller and the Company pursuant to Clause 3.13 reasonably in advance of the deadline of 20 Business Days;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze9fc209247f6494ea6cad7e282f04d30">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.14.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>promptly deal with all requests and enquiries from any Relevant Authority in connection with satisfying the Regulatory Conditions and promptly provide all information and materials required by any Relevant Authority in connection with
                satisfying the Regulatory Conditions;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfdb55ed7859e46b2be96b13d4e4951b8">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">3.14.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>in respect of any material communications by or on behalf of the Purchaser, or any member of the Purchaser Group, with any Relevant Authority in connection with the Regulatory Conditions:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf9a12b6d169c46bbab8c5737d65cc631">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>promptly notify the Seller of any material communication (whether written or oral) received from any Relevant Authority in connection with the Regulatory Conditions and provide the Seller or, as appropriate pursuant to applicable
                Antitrust Law, on a counsel-to-counsel basis the Seller&#8217;s legal advisers, with copies of any such written communications and written summaries of any such oral communications (except if the Seller or its advisers were present at the
                relevant call or meeting);</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z28321a82a88047f3b8686dbbb3761a40">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>provide the Seller or, as appropriate pursuant to applicable Antitrust Law, on a counsel-to-counsel basis the Seller&#8217;s legal advisers, with drafts of all material written communications or summaries of all material oral communications
                intended to be sent or made to any Relevant Authority in connection with the Regulatory Conditions and give the Seller a reasonable opportunity to comment on the contents of such intended communications and take into account its reasonable
                comments and requests in relation to the same; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z45eb93c10de747688da2258381da25c6">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(c)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>provide the Seller with reasonable notice of any call and/or meeting with any Relevant Authority in connection with the Regulatory Conditions and an opportunity to participate, or to have its advisers participate, in such call and/or
                meeting, except to the extent a Relevant Authority expressly requests that the Seller or the Seller&#8217;s advisers do not to participate in a call or meeting or if prohibited by Applicable Law.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z48939e39971240edb4c7b48be5c90589">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref208386824"></a>3.15</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Subject to finalisation of the Regulatory Screening and with respect to any Call-In jurisdictions, the Seller and Purchaser shall cooperate in good faith to consult the Relevant Authorities to determine whether a filing is required and
                use reasonable endeavours to procure that such consultation occurs as soon as reasonably practicable thereafter and in any case, within 20 Business Days from the date of this Agreement. In the event that the Relevant Authority of such
                Call-In jurisdiction confirms that no filing is required, expiry or early termination of any applicable waiting period (and any extension thereof) and/or any applicable approvals or clearances from the Relevant Authority of the relevant
                Call-In jurisdiction shall no longer constitute a Subsequent Regulatory Condition.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb1562200db454c3db2bf418f09880cfc">

          <tr>
            <td style="width: 36pt; vertical-align: top;">3.16</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If a Party at any time becomes aware of anything that is reasonably likely to prevent the Regulatory Conditions from being satisfied, it shall inform the other Party of the matter as soon as reasonably practicable and keep the other
                Party apprised of the status of such matter.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc462f962e75a49dabd50d76e28a64f90">

          <tr>
            <td style="width: 36pt; vertical-align: top;">3.17</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Nothing in Clauses 3.7 to 3.14 (inclusive) shall require a Party to disclose, or procure the disclosure of, commercially sensitive or legally privileged information regarding itself, the Company or any member of the Seller Group (in the
                case of the Seller) or the Purchaser Group (in the case of the Purchaser) to another Party, except to the extent that it is necessary to ensure that the Regulatory Conditions and any of its obligations under Clauses 3.7 to 3.14 (inclusive)
                are satisfied, in which case such disclosure shall be on a confidential external counsel-to-counsel basis only and/or provided on a redacted basis (provided the disclosing Party acts reasonably in identifying such information for
                redaction).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z23f5e28557fd49b6acff7907fe0cb940">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207641744"></a><a name="z_Toc208479221"></a><font style="font-weight: bold;">4.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">CLOSING</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7f686ec5559b48d7be3c0ba3fe578903">

          <tr>
            <td style="width: 36pt; vertical-align: top;">4.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Closing shall take place remotely via electronic exchange of documents and signatures by or on behalf of the Parties (or at such other location or in such other manner as may be agreed in writing between the Seller and the Purchaser) on
                the Closing Date.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za80ff0caa2404e949b0d37193eb724af">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207641667"></a>4.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>On the Closing Date:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z92fcc646a51544d68bbb9c4d512ec686">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207640926"></a>4.2.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Seller shall procure delivery and registration of the Sale Shares to a securities account in the name of the Purchaser as notified by the Purchaser; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9a4d98fa080844f3b170f15442d32e84">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207641052"></a>4.2.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Purchaser shall procure payment of the Purchase Price by electronic transfer in same day immediately available funds to the Seller&#8217;s Bank Account.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7564381a31784db3a973cb0efcd570b4">

          <tr>
            <td style="width: 36pt; vertical-align: top;">4.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>No later than five Business Days prior to the Closing Date, each Party shall provide the other Party with a statement in writing of the relevant details and instructions and any other information required to settle the Transaction in
                accordance with this Clause 4.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcecd28cd4c774aeea295ffbc00b311c2">

          <tr>
            <td style="width: 36pt; vertical-align: top;">4.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>All documents and payments received by a Party from another in connection with Closing shall, unless the sending Party expressly states otherwise, be held by the recipient Party to the order of the sending Party until such time as:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbc12ac0a259345ea90a6861830c0033b">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">4.4.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>all documents required to be delivered to the Purchaser at Closing in accordance with Clause 4.2.1 have been delivered; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zab063ef6d2bb46279ccf0367a2e12fd6">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">4.4.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>an amount equal to the Purchase Price has been paid in accordance with Clause 4.2.2 and duly received by the Seller in immediately available funds in the Seller&#8217;s Bank Account,</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">in which case the documents and payments received in connection with Closing shall cease to be held to the order of the person delivering them, shall be released, and Closing shall have taken
        place.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z87313044319b46148d610155a9437299">

          <tr>
            <td style="width: 36pt; vertical-align: top;">4.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If a Party fails to comply with their obligations under Clause 4.2 on the Closing Date<a name="z_docxtools_538"></a>, the Seller (in the case of a breach by the Purchaser) and the Purchaser (in the case of a breach by the Seller) shall
                be entitled (in addition to and without prejudice to all other rights or remedies available, including the right to claim damages) by written notice to the other Party:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbd9e1ebba4984b36a398f7c0e3639077">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_docxtools_539"></a>4.5.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>to defer the Closing and the Closing Date for a period of up to ten Business Days after the initial Closing Date and this Clause 4 shall apply to such deferred Closing and such deferred Closing Date, provided that the Closing Date can
                only be deferred once by a Party; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4282422aa4f54ddab6bcbfa0d7454175">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207641959"></a><a name="z_docxtools_541"></a>4.5.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>to terminate this Agreement, in which case this Agreement shall cease to have effect, save that the Surviving Clauses and any rights and liabilities that have accrued before such termination shall continue in full force and effect.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b64126c4c7f454d9fd791776000cb09">

          <tr>
            <td style="width: 36pt; vertical-align: top;">4.6</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Save as provided in Clause 3.4 and Clause 4.5.2, there are no other circumstances in which a Party shall be entitled to terminate this Agreement.<a name="z_Toc53054670"></a><a name="z_Toc111210716"></a></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z072e51ab5fa3405281394904dd4a8d27">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207822407"></a><a name="z_Toc208479222"></a><a name="z_Hlk207806382"></a><font style="font-weight: bold;">5.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">PRE-CLOSING CONDUCT OF BUSINESS</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z447e2b48535d48e4be45f024755519c2">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207754212"></a>5.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Between the date of this Agreement and Closing, the Seller undertakes that it shall:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z45fd455e0a8642a69361e2318410f9d3">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref208260629"></a>5.1.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>not exercise its voting rights or any other powers vested in it from time to time in its capacity as a shareholder of the Company to:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zca1e2ee0c52e41b3b72a8b3c3e9f0c38">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>restrict or prevent the Company and its direct and indirect subsidiaries from being operated in the ordinary course of business consistent with past practice and/or the current business of the Company; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zab58e9d0f665453ebbc9499de68ab823">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>approve any matters put to shareholders of the Company in accordance with Article 137 of the Articles without the consent of the Purchaser (such consent not to be unreasonably withheld, conditioned or delayed); and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z33dd03a2799c40a98e63c80ecddf96f8">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">5.1.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>in each case save with the consent of the Purchaser (such consent not to be unreasonably withheld, conditioned or delayed), use all reasonable endeavours, including exercising its voting rights and using any other powers vested in it
                from time to time in its capacity as a shareholder of the Company, to procure that:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze9a03285cb1a4bf196cbf4595c3dccf0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207822446"></a>(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Company does not change its Dividend Policy, its financial calendar and the dates for the issuance of its financial statements;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zccb89c909d744b0da6c6053c0d065d5c">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>that no demerger or spin-out transaction is approved, any new share class is created and/or any amendment is made to, or any reclassification is conducted of, the Company&#8217;s existing share classes and the rights and obligations associated
                therewith;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z01820fd049724c168ac19b9e2fd098ed">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(c)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>no transactions or series of connected transactions with an aggregate value in excess of US$1,000,000.00 between any member of the Company Group and the Seller Group are approved;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd02edc24d9e4442788476f5e1f8828ce">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(d)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>no material change in the business of the Company Group taken as a whole is approved;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5c2ecdda85064f5c86e1dfd51c35d017">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(e)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>no sale of Company Group assets in one, or a series of connected, transactions, comprising, individually or in the aggregate, in any one calendar year period, of more than 35% of the gross assets of the Company Group, determined by
                reference to the Company&#8217;s most recent consolidated audited accounts at the time of such approval is approved; and/or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z045a5bb1460b41ef93dfbd656dc4c863">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(f)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any merger or consolidation involving a member of the Company Group is approved where the gross value of the assets or EBITDA immediately before completion of such merger or consolidation, multiplied by the Company Group&#8217;s percentage
                ownership of the consolidated or merged entity which is being acquired is 50% or more than the gross value of the assets or EBITDA (as applicable) of the Company Group immediately before completion of such merger or consolidation,
                determined in each case by reference to the most recent consolidated audited accounts of the Company and of the merged or consolidated entity at the time of such approval but applying, in each case, the accounting principles set out in the
                Company&#8217;s most recent consolidated audited accounts at the time of such approval.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9859a151bf274c598a5bbb5dbddf450f">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">5.1.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In the event that the Seller transfers any of its shares in the Company (other than the Sale Shares) to an affiliate of the Seller, the Seller shall procure that the transferee of such shares in the Company complies with the obligations
                set out in Clauses 5.1.1 and 5.1.2.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1cfbbe0ce54e4139984548c99019baa2">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207754200"></a>5.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Nothing in Clause 5.1 shall prevent any matter or action required, in the reasonable opinion of the Seller, to be undertaken:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z751979cbf5e94d21b56c8dd4cc2deb3d">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">5.2.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>to comply with Applicable Law or taken in the case of any emergency, disaster or other serious incident or circumstance with the intention of minimising any adverse effect on the Seller or the Company;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z48b0e14907f74b7b93fe2890713b55bc">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">5.2.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>to comply with any obligation, commitment or arrangement of or relating to any member of the Seller Group existing on or before the date of this Agreement; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zabd88dd4b4704ec2ac43316679b0ee0b">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">5.2.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>as expressly permitted by or required to give effect to and to comply with, this Agreement or any other Transaction Document or undertaken at the written request, or with the written consent (such consent not to be unreasonably withheld
                or delayed), of the Purchaser.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd02d03b23d7f407395b9e67adce192fc">

          <tr>
            <td style="width: 36pt; vertical-align: top;">5.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>No Claim of any nature whatsoever may be brought under this Agreement in respect of any breach of the obligations in this Clause 5 unless and until Closing has occurred.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zafb698a532574f1dbbfb1d515a960667">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc208479223"></a><font style="font-weight: bold;">6.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">WARRANTIES</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z53f0eee40cb446858892293965e93dc3">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207658813"></a>6.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Seller warrants to the Purchaser that as at the date of this Agreement and the Closing Date (by reference to the facts and circumstances then existing):</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z966099eb58af431f9cbd9c0a05408a2b">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.1.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>it has valid beneficial title to the Sale Shares and valid title to depositary receipts representing the Sale Shares; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z73a815b8a41546d798c832c8278e934f">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.1.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>in each case, there is no Encumbrance on or over any of the Sale Shares and there is no agreement or commitment to give or create any such Encumbrance and, no claim has been made by any person towards the Seller to be entitled to any
                such Encumbrance.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb499ae48c0e949a887518f470decb80a">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Seller warrants to the Purchaser that as at the date of this Agreement, the Seller is not (after having made due inquiry with the board member of the Company appointed by and representing the Seller) aware of any inside information
                relating to the Company or the Company&#8217;s financial instruments within the meaning of the Market Abuse Regulation or any material non-public information with respect to the Company for the purposes of the U.S. Securities Exchange Act of
                1934, as amended, except any inside information or material non-public information relating to this Agreement and the Transaction.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd529c2399b1a476b9e611d7590023982">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Purchaser warrants to the Seller that its obligations to complete the purchase of the Sale Shares are not subject to, or conditional upon, obtaining any debt or equity financing from any source outside of the Purchaser Group, and the
                Purchaser has and will have sufficient funds to pay to the Seller the Purchase Price in full in cash at Closing.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3fb7506f0ad84752a49932011011eb8d">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Purchaser represents, warrants and agrees as follows:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0d53825b275a4cfd878adcef32251a25">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207992642"></a>6.4.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>it acknowledges that: (i) the offer and sale of the Sale Shares has not been registered under the U.S. Securities Act of 1933, as amended (the &#8220;<font style="font-weight: bold;">Securities Act</font>&#8221;), and is being made in reliance upon
                Rule 903 of Regulation S under the Securities Act (&#8220;<font style="font-weight: bold;">Regulation S</font>&#8221;); and (ii) the Seller is relying upon the representations, warranties and agreements of the Purchaser contained herein;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z30932ae96a50452a8903809a6f9c49ea">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.4.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Purchaser certifies that it is not a U.S. person (as defined in Regulation S) and is not acquiring the Sale Shares for the account or benefit of any U.S. person;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5d6c7fc4f57a47739a09e91718dd5848">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.4.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Purchaser agrees to resell the Sale Shares only: (i) in accordance with the provisions of Regulation S; (ii) pursuant to registration under the Securities Act; or (iii) pursuant to an available exemption from registration; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc818e8778b3248ed85d42e803c1f0abb">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.4.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Purchaser agrees not to engage in any hedging transactions with regard to the Sale Shares unless in compliance with the Securities Act.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfe9f36458ae64b9cbc9131a7501e34f6">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207658815"></a>6.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Each Party warrants to the other Party that as at the date of this Agreement and as at the Closing Date (by reference to the facts and circumstances then existing):</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1224cc89539646e28439be1e8b3e1c17">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.5.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>it is validly incorporated, in existence and duly registered under the laws of its jurisdiction of incorporation and has the requisite capacity, power and authority to enter into and perform the obligations expressed to be assumed by it
                under this Agreement;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1bf1d3f5a3fc44a6af765b731e492ec6">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.5.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>it has obtained or satisfied all corporate, regulatory and other approvals, and any other conditions, necessary to execute, and perform its obligations under this Agreement and any Transaction Documents which are to be entered into by
                it;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z27d6d354be68487fbb66e924aa83d980">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.5.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>its obligations under this Agreement constitute legal, valid and binding obligations of it and the execution and delivery of, and the performance of its obligations under, this Agreement will not:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7bcd9343eb7d412991d62fdbdaf40112">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>result in a material breach of any provision of its constitutional documents;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5a5f5209694b48bcb1e6e1f8dcc0f35f">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(b)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>result in a material breach of, or constitute a default under, any instrument to which it is a party or by which it is bound; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfbd731ad27de4974826b01e28cee5e3e">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(c)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>result in a breach of any order, judgment or decree of any court or governmental agency to which it is a party or by which it is bound; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8e1a24cfd5754c1a98a3fae7c7aca666">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">6.5.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>it is not insolvent or bankrupt under the laws of the jurisdiction of its incorporation or unable to pay its debts within the meaning of section 123(1) or (2) of the Insolvency Act 1986 (or the equivalent laws of any applicable
                jurisdiction); and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z33d65fa2027e48d98aaa41f4e8fd839f">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.6</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Each of the Warranties shall be construed as a separate and independent warranty and shall not be limited or restricted by reference to any other Warranty.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z92eb9c70652b4b898406c7d33bc4ed4f">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.7</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Notwithstanding that the Purchaser or a member of the Purchaser&#8217;s Group becomes aware at any time that there has been any breach of the Warranties provided by the Seller or any other term of this Agreement or that there may be a Claim
                against the Seller, the Purchaser shall not be entitled to rescind this Agreement or treat this Agreement as terminated. The Purchaser waives all and any rights of rescission in respect of this Agreement it may have (howsoever arising or
                deemed to arise), other than any such rights in respect of fraud.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7d5adb8db0cb4cb8a2b4417607ccd479">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.8</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Notwithstanding that the Seller or a member of the Seller&#8217;s Group becomes aware at any time that there has been any breach of the Warranties provided by the Purchaser or any other term of this Agreement or that there may be a Claim
                against the Purchaser, the Seller shall not be entitled to rescind this Agreement or treat this Agreement as terminated. The Seller waives all and any rights of rescission in respect of this Agreement it may have (howsoever arising or
                deemed to arise), other than any such rights in respect of fraud.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z797b7a917dc2448b8c3c5237b500da34">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.9</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Except in the case of fraud, each Party acknowledges that it does not rely on and has not been induced to enter into this Agreement on the basis of any warranties, representations, covenants, undertakings, indemnities or other statements
                whatsoever, other than the Warranties and acknowledges that none of the other Party, any member of the Seller Group or the Purchaser Group, as applicable or any of their respective directors, officers, employees, advisers or agents has
                given any such warranties, representations, covenants, undertakings, indemnities or other statements.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z81b7e5f389514a7b999121bb7966093b">

          <tr>
            <td style="width: 36pt; vertical-align: top;">6.10</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Notwithstanding anything else in this Agreement, the total aggregate liability (including any applicable interest and costs) of the Seller or the Purchaser under this Agreement shall not in any event exceed an amount equal to the
                Purchase Price.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdd6a860925b14f92bf60e82f03f69ac6">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc53054671"></a><a name="z_Ref85184056"></a><a name="z_Ref85309844"></a><a name="z_Toc111210718"></a><a name="z_Ref207731528"></a><a name="z_Toc208479224"></a><font style="font-weight: bold;">7.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">CONFIDENTIALITY</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z81cc70ea07ce4bfab4f5e5c1e460cd43">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207648328"></a><a name="z_Ref509356520"></a>7.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Subject to Clause 7.2, each Party shall treat as strictly confidential, and not disclose or use, any information which relates to:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf2913236668c4e34931c287a39a98d5d">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.1.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the existence and the provisions of this Agreement and any agreement entered into pursuant to this Agreement;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd85103f655034b8dab03276eeba583d3">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.1.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the negotiations relating to this Agreement and any agreement entered into pursuant to this Agreement;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2adc01de639843adbdbdee2c83cf46af">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.1.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>in the case of the Purchaser, the Company, the Seller or any member of the Seller Group and or its or their business, financial and other affairs (including future plans and targets); or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z187448f2f6b9400a9985bef1a3ebd0ec">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.1.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>in the case of the Seller, the Purchaser or any member of the Purchaser Group and or its or their business, financial and other affairs (including future plans and targets),</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">which in each case is received or obtained as a result of or in connection with entering into this Agreement (&#8220;<font style="font-weight: bold;">Confidential Information</font>&#8221;).</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8c4ef7e06af34351afadfe6e879eef5e">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207654994"></a>7.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Clause 7.1 shall not prohibit any disclosure or use of any Confidential Information to the extent <a name="z_docxtools_1078"></a>the disclosure or use is:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze14456acd69b4a2495e0cce25abbc515">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207651359"></a>7.2.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>required by Applicable Law, any Relevant Authority or any stock exchange on which the securities of the Company, any Party or any holding company of it are listed or for the purpose of any judicial or arbitral proceedings arising out of
                this Agreement or any other Transaction Document;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9c5dfe8eb6e446b1aaeb6cc7e842614d">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.2.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>made on a confidential basis to any Relevant Authority and required for the purpose of any governmental filing necessary to fulfil the Regulatory Conditions and the transactions contemplated by this Agreement;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc9db2d98eebc472daee4dbe73697fc4e">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.2.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>made on a confidential basis to the professional advisers of any Party or any member of the Seller Group or the Purchaser Group (and any of their respective directors, officers, employee or consultants), provided that such persons need
                to know the Confidential Information for the purposes of considering, evaluating, advising on or furthering the sale and purchase of the Sale Shares or any matters arising in connection with the same, provided that such persons are under a
                legal obligation to treat such information as confidential;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z78affc2aa12749bea7eafa1db93593a2">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.2.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>concerns Confidential Information which is or will become publicly available other than by breach of this Agreement; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z064101ab48c44affb6be2faf5e75286c">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">7.2.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>consented to by the other Party with prior written consent to the disclosure or use,</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">provided that before any disclosure or use of any Confidential Information pursuant to Clause 7.2.1, the Party concerned shall consult with the other Party insofar as is reasonably practicable and
        not prohibited by Applicable Law.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc40899cd0cd24e97acd9588d8a59c431">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207731534"></a><a name="z_Toc208479225"></a><font style="font-weight: bold;">8.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">ANNOUNCEMENTS</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5ab2aff242c44e72ae122eedfd77d2a9">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207654545"></a>8.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Parties shall not make, and shall procure that no member of the Seller Group (in the case of the Seller) and no member of the Purchaser Group (in the case of the Purchaser), makes or issues any announcement, communication or circular
                in connection with the existence or the subject matter of this Agreement, save as permitted under Clauses 7.2 and 8.2.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdb8935f8e0c94bba8034a5f240676d85">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207654524"></a>8.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Clause 8.1 shall not restrict any announcement, communication or circular:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z41efc986ef9c499590bf951782ef869a">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">8.2.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>made or issued by or on behalf of the Seller or any member of the Seller Group with the prior written consent of the Purchaser (such consent not to be unreasonably withheld, conditioned or delayed);</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf7c91c2f51b64fdebf1a65ef236af00e">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">8.2.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>made or issued by or on behalf of the Purchaser, or any member of the Purchaser Group, with the prior written consent of the Seller, such consent not to be unreasonably withheld, conditioned or delayed;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4390bee853a1486393e36498d1febf8a">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">8.2.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>with substantially the same content as or within the scope of another announcement, communication or circular made or issued by or on behalf of the Purchaser, the Seller or any member of the Purchaser Group or the Seller Group; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zef91a83706314c35aab2734b90847967">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">8.2.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>required by law or any Relevant Authority, court order, the rules of any relevant stock exchange or applicable accounting practices, but only to the extent so required and provided that the Party with an obligation to make such
                announcement or communication or issue a circular shall consult with the other Party so far as is reasonably practicable and permitted by Applicable Law before complying with such obligation.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b1f5f058ae8419fb923fa8c33dc0b02">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-weight: bold;">9.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">DEDUCTIONS AND WITHHOLDING</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zda371fc37c83418cb1644ffbf91db377">

          <tr>
            <td style="width: 36pt; vertical-align: top;">9.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>All sums payable under this Agreement shall be paid in full, in immediately available funds, without any set off, counterclaim, restriction, condition, deduction or withholding, in each case, except only as may be required by Applicable
                Law. For the avoidance of doubt: (i) the payor shall bear its own costs, charges, expenses and fees relating to the transmission or processing of any payment (including any bank, correspondent or intermediary charges and any inward receipt
                or payment processing fees) and shall have no right to receive or recover any amount from the recipient in respect of such amounts; and (ii) nothing in this Clause 9 entitles the payor to reduce or withhold any payment on account of any
                such charges, fees, costs or expenses.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1b3873c9b93d405b8c42c56641f0b254">

          <tr>
            <td style="width: 36pt; vertical-align: top;">9.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If any deduction or withholding is required by Applicable Law, the payor shall account to the Relevant Authority for the amount so required to be deducted or withheld and shall pay the recipient such additional amount as will ensure that
                the recipient receives (after any deduction or withholding required by Applicable Law has been made), in total, the amount which it would have been entitled to receive in the absence of such deduction or withholding; provided that no such
                additional amount shall be payable in respect of any deduction or withholding on account of Tax imposed on the Purchase Price, except to the extent such deduction or withholding arises solely as a result of a connection of the payor with
                the jurisdiction imposing it.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za7ca64e5baab4983b0207007e6d8b685">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc208479227"></a><font style="font-weight: bold;">10.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">FURTHER ASSURANCE</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">Without prejudice to any other provision of this Agreement, each of the Parties shall from time to time so far as each is reasonably able to do or procure the doing of all such acts and/or execute
        or procure the execution of all such documents in a form reasonably satisfactory to the Party concerned as they may reasonably consider necessary to transfer the Sale Shares to the Purchaser or otherwise to give the other Party the full benefit of
        this Agreement.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1a7501d2221e4be790fcb347df814310">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc53054673"></a><a name="z_Toc111210720"></a><a name="z_Ref207731546"></a><a name="z_Toc208479228"></a><font style="font-weight: bold;">11.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">COSTS</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z34c962eac56e4433bcd8e641acdb476c">

          <tr>
            <td style="width: 36pt; vertical-align: top;">11.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Save as otherwise stated in any other provision of this Agreement, each Party shall pay its own costs and expenses in relation to the negotiations leading up to the sale and purchase of the Sale Shares and to the preparation, execution
                and carrying into effect of this Agreement.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf66dacfc0fb24a49b79af52abc216b6c">

          <tr>
            <td style="width: 36pt; vertical-align: top;">11.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Purchaser shall bear the cost of, and shall arrange the payment of, all notarial or registration fees and stamp duty, transfer Taxes or similar Taxes or their equivalents in all jurisdictions arising as a result of any Transaction
                (including the sale and purchase of the Sale Shares) and (unless it is mandatory under Applicable Law for the Seller to do so itself) shall fulfil any administrative and reporting obligations imposed by any jurisdiction in connection with
                any Transaction within the time permitted by Applicable Law.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2915c198f4fd439d984bc69f4ae8ba76">

          <tr>
            <td style="width: 36pt; vertical-align: top;">11.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>All amounts payable pursuant to this Agreement are, unless otherwise stated, exclusive of VAT. If anything under this Agreement constitutes the consideration for a taxable supply for VAT purposes, then:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">20</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb37eed8c911041ab82e0de22950d1930">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">11.3.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the Party receiving that consideration shall provide a valid VAT invoice (which may be in electronic form) if one is required by law; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zeffd0dd5e77a43c9a1e00c0c32a091e6">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">11.3.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>except where the reverse charge procedure applies and subject to the provision of a valid VAT invoice where one is required in accordance with Clause 11.3.1, in addition to that consideration the Party providing that consideration shall
                at the same time pay to the recipient an amount equal to any VAT thereon.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za883337910b34ff8be345051a37d2095">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207653159"></a><a name="z_Toc208479229"></a><a name="z_Toc53054676"></a><a name="z_Toc111210721"></a><font style="font-weight: bold;">12.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">NOTICES</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf226a00ecebe4594af7b2b7715a0fc24">

          <tr>
            <td style="width: 36pt; vertical-align: top;">12.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>A notice or other communication in connection with this Agreement (each, a &#8220;<font style="font-weight: bold;">Notice</font>&#8221;) shall only be effective if it is in writing, in the English language and delivered by hand, recorded or special
                delivery, courier using an internationally recognised courier company, or email.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b4657b7b909445cb0215d9945dee32a">

          <tr>
            <td style="width: 36pt; vertical-align: top;">12.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Any Notices under this Agreement to the Seller shall be sent to the Seller at its address or email address and for the attention of the individual set out below:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Attention: Board of Managers</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">26A, Boulevard Royal</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">L-2449 Luxembourg</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Grand Duchy of Luxembourg</div>
      <div style="text-align: justify; margin-left: 36pt; font-size: 12pt;"><font style="font-size: 10pt; color: rgb(0, 0, 0);">E-mail: </font><u><font style="font-size: 10pt;">luxembourgopps@oaktreecapital.com</font></u></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">with a copy (which shall not constitute notice) to:</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">20 Air Street, London, W1B 5AN, United Kingdom</div>
      <div style="text-align: justify; margin-left: 36pt; font-size: 12pt;"><font style="font-size: 10pt; color: rgb(0, 0, 0);">E-mail: </font><u><font style="font-size: 10pt;">dschusterwoldan@paulweiss.com</font></u></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2f764d83d17f44cf9b45412fd71802e7">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_docxtools_1178"></a>12.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Any Notices under this Agreement to the Purchaser shall be sent to the Purchaser at its address or email address and for the attention of the individual set out below:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Attention: Perry Van Echtelt and Thomas Andersen</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">10 Pasir Panjang Road</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">18-01, Mapletree Business City</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Singapore 117438</div>
      <div style="text-align: justify; margin-left: 36pt; font-size: 12pt;"><font style="font-size: 10pt; color: rgb(0, 0, 0);">E-mail: </font><u><font style="font-size: 10pt;">pve@hafnia.com</font></u><font style="font-size: 10pt;"> and tha@hafnia.com</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">with a copy (which shall not constitute notice) to:</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Plesner Advokatpartnerselskab</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Amerika Plads 37, DK-2100, Copenhagen, Denmark</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Attention: Henrik Laursen and Janus Jepsen</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">E-mail: hla@plesner.com and jaj@plesner.com</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5fcc9f83d60243be8bb701368e0ea5af">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207653150"></a>12.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Subject to Clause 12.5, a Notice shall be effective upon receipt and shall be deemed to have been given and received:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf7b619144835409a95757097db80a1af">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">12.4.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at the time of delivery, if delivered by hand or courier;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">21</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6f3457c7a5034ff58e0dfdc32b5e515e">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">12.4.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at the time of delivery recorded by the delivery company in the case of recorded delivery or special delivery; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zda3bb23a6413491ea09644b8f687d7d6">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">12.4.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at time of sending, if sent by email, provided that receipt shall not be deemed to have occurred if the relevant sender receives an automated message indicating that the message has not been delivered to the relevant recipient(s).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze4b8f93465304cca8a2c6256c55c4fe7">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_docxtools_1182"></a><a name="z_Ref207653174"></a>12.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Other than in the case of Notices sent by email, a Notice that is deemed by Clause 12.4 to be received on a day that is not a Business Day or after 5.00 p.m. on any Business Day shall be deemed to be received at 9.00 a.m. on the next
                Business Day.<font style="font-weight: bold;">&#160;</font>For the purposes of this Clause<font style="font-weight: bold;">&#160;</font>12, all references to time are to the local time in the place of receipt.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze17736ff777a414d9794a3cd3c5fd4bc">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207731552"></a><a name="z_Toc208479230"></a><font style="font-weight: bold;">13.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">GENERAL</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd29568adc9f049278f9c060cdbcd6099">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207899608"></a>13.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>No Party shall, without the prior written consent of the other Party, assign, grant any security interest over, hold on trust or otherwise transfer, novate, subcontract or dealing in any manner with any of its rights or obligations (in
                whole or in part) under this Agreement.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb40ddb691a424a55836230aae4f05ea6">

          <tr>
            <td style="width: 36pt; vertical-align: top;">13.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Notwithstanding Clause 13.1, <a name="z_Hlk207902668"></a>the Purchaser may assign its rights and obligations (in whole or in part) under this Agreement to a member of the Purchaser Group, provided that the Purchaser remains jointly and
                severally liable for all obligations of the assignee under the Agreement and provided that the liability of the Seller under this Agreement following such assignment shall be no greater than what it would have been prior to such assignment.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdebebf54eb22471a84543f8e7496ea5f">

          <tr>
            <td style="width: 36pt; vertical-align: top;">13.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The failure to exercise, or delay in exercising, a right or remedy provided by this Agreement or by law does not impair or constitute a waiver of the right or remedy or an impairment of, or a waiver of, other rights or remedies. No
                single or partial exercise of a right or remedy provided by this Agreement or by law prevents further exercise of the right or remedy or the exercise of another right or remedy.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z997a8d6523de447b9a70b01f4ba7069c">

          <tr>
            <td style="width: 36pt; vertical-align: top;">13.4</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Any waiver of any term of this Agreement, waiver of any breach of any term of this Agreement, or waiver of, or election whether or not to enforce, any right or remedy arising under this Agreement or provided by law, must be in writing
                and signed by or on behalf of the person granting the waiver, and no waiver or election shall be inferred from a Party&#8217;s conduct.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z98d91d57b8764317bb9125d59040eb11">

          <tr>
            <td style="width: 36pt; vertical-align: top;">13.5</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>A person who is not a Party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of, or enjoy any benefit under, this Agreement.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5107507d34764633bb9ef4c3afbb5b48">

          <tr>
            <td style="width: 36pt; vertical-align: top;">13.6</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>If any provision in this Agreement is held to be illegal, invalid or unenforceable by any judicial or other competent authority or otherwise (whether in whole or in part):</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3a20477515f546738bffecc5b07c3e7c">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref207653775"></a>13.6.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the provision shall apply with whatever deletion or modification is necessary so that the provision is legal, valid and enforceable and gives effect to the commercial intention of the Parties; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">22</font></div>
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          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">13.6.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>to the extent it is not possible to delete or modify the provision, in whole or in part, under Clause 13.6.1 then such provision or part of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed not to form part
                of this Agreement and the legality, validity and enforceability of the remainder of this Agreement shall, subject to any deletion or modification made under Clause 13.6.1, not be affected.</div>
            </td>
          </tr>

      </table>
      <div><br>
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          <tr>
            <td style="width: 36pt; vertical-align: top;">13.7</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Nothing in this Agreement and no action taken by the Parties under this Agreement shall be deemed to constitute a partnership between the Parties nor constitute any Party the agent of any other Party for any purpose.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z82007da9cb06455fa99c6d90f70b8e54">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref160422976"></a><a name="z_Ref160423106"></a><a name="z_Ref160423120"></a><a name="z_Toc297037908"></a><a name="z_Toc54612887"></a><a name="z_Toc111210722"></a><a name="z_Toc208479231"></a><font style="font-weight: bold;">14.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">ENTIRE AGREEMENT</div>
            </td>
          </tr>

      </table>
      <div><br>
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          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref295469116"></a>14.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>This Agreement contains the whole agreement between the Parties relating to the subject matter of this Agreement and supersedes and extinguishes any previous written or oral agreement between the Parties in relation to the matters dealt
                with in this Agreement.</div>
            </td>
          </tr>

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      <div><br>
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          <tr>
            <td style="width: 36pt; vertical-align: top;">14.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>So far as is permitted by Applicable Law and except in the case of fraud, the only rights and remedies of the Parties in relation to any representation, warranty or undertaking made or given in connection with this Agreement shall be for
                breach of the relevant terms of this Agreement and each Party waives all other rights and remedies (including those in tort or arising under statute) in relation to any such representation, warranty or undertaking.</div>
            </td>
          </tr>

      </table>
      <div><br>
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          <tr>
            <td style="width: 36pt; vertical-align: top;">14.3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>This Agreement may only be varied, supplemented or replaced by a document signed by each of the Parties and expressed to be a variation to this Agreement.</div>
            </td>
          </tr>

      </table>
      <div><br>
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          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc53054678"></a><a name="z_Toc111210725"></a><a name="z_Ref207731562"></a><a name="z_Toc208479232"></a><font style="font-weight: bold;">15.</font></td>
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              <div style="font-weight: bold;">COUNTERPARTS</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <div style="text-align: justify; margin-left: 36pt;">This Agreement may be executed in any number of counterparts, but shall not be effective until each Party has executed and delivered at least one counterpart. Each counterpart constitutes an
        original, and all the counterparts together constitute one and the same agreement. If this Agreement is executed in duplicate, each duplicate constitutes an original.</div>
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          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="z_Toc53054679"></a><a name="z_Toc111210726"></a><a name="z_Ref207731566"></a><a name="z_Toc208479233"></a><font style="font-weight: bold;">16.</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">GOVERNING LAW AND JURISDICTION</div>
            </td>
          </tr>

      </table>
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          <tr>
            <td style="width: 36pt; vertical-align: top;">16.1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>This Agreement and any non-contractual obligations arising out of or in connection with this Agreement (including any non-contractual obligations arising out of the negotiation of the transaction(s) contemplated by this Agreement) are
                governed by and shall be construed in accordance with English law.</div>
            </td>
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            <td style="width: 36pt; vertical-align: top;"><a name="z_Ref51888606"></a>16.2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Seller and Purchaser agree that:</div>
            </td>
          </tr>

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              <div>any dispute shall be referred to and finally determined by arbitration in accordance with the 2020 Arbitration Rules of the London Court of International Arbitration (the &#8220;<font style="font-weight: bold;">LCIA</font>&#8221;);</div>
            </td>
          </tr>

      </table>
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              <div>this arbitration agreement shall be governed by English law;</div>
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            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the seat of the arbitration shall be London, England;</div>
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      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">23</font></div>
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              <div>the language of the arbitration shall be English;</div>
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              <div>the number of arbitrators shall be three, unless the Parties agree to have a single arbitrator. Each Party shall nominate one arbitrator. If either Party fails to make a nomination, the LCIA shall appoint the relevant arbitrator without
                affecting any nomination or confirmation of an arbitrator by the other Party. The two arbitrators nominated by the Parties shall within fifteen days of the confirmation of the second arbitrator jointly nominate a third arbitrator to act as
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              <div>this agreement to arbitrate shall be binding upon the Parties, their successors and assigns.</div>
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            <td style="width: 36pt; vertical-align: top;">16.3</td>
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              <div>Each Party irrevocably consents to any process in any legal action or proceedings arising out of or in connection with this Agreement (including its formation) being served on it in accordance with the provisions of this Agreement
                relating to service of Notices. Nothing contained in this Agreement shall affect the right of any Party to serve process in any other manner permitted by law.</div>
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      <div style="text-align: justify;">This Agreement has been entered into on the date written at the beginning of it.</div>
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              <div>for and on behalf of</div>
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              <div style="font-weight: bold;">OCM NJORD HOLDINGS S.&#192; R.L.</div>
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              <div>/s/ Hugo Froment</div>
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              <div>by a duly authorised signatory</div>
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              <div>Signature of authorised signatory</div>
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            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
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              <div>Hugo Froment</div>
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            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
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              <div style="text-align: justify;">Manager</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
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              <div style="text-align: justify;">Martin Eckel</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify;">Name of authorised signatory</div>
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            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify; font-weight: bold;">HAFNIA LIMITED</div>
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              <div style="text-align: justify;">/s/ Ralph Steen Juhl</div>
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                <div>by a duly authorised signatory</div>
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              <div style="text-align: justify;">Signature of authorised signatory</div>
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            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
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              <div style="text-align: justify;">Ralph Steen Juhl</div>
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            <td style="width: 50%; vertical-align: top;"><br>
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            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
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      <div style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">26</font></div>
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